Growing technical signals, investor speculation, and rising on-chain activity now hint that another explosive rally could be taking shape.
After months of quiet consolidation and mixed sentiment, Dogecoin appears to be entering a crucial phase that could define its trajectory for 2025. While some traders are eyeing the possibility of an 800% surge, others caution that mounting volatility and shifting whale behavior may test the resilience of its support levels in the weeks ahead.
Dogecoin’s Familiar Setup Sparks Renewed Optimism
Dogecoin (DOGE), the cryptocurrency created as a meme, is once again in the spotlight as analysts highlight striking similarities between its current chart structure and the setup that preceded its 2021 bull run. Technical analysts and traders are pointing to multiple converging signals—from historical trendlines and Wyckoff accumulation patterns to exponential price projections—suggesting that Dogecoin could be gearing up for another major rally.
Dogecoin has re-entered its accumulation zone, validating the spring action and now awaiting a clear sign of strength to confirm bullish momentum. Source: Trader Tardigrade via X
According to data shared on TradingView and multiple market analytics platforms, Dogecoin’s price action appears to be mirroring the same “ascending trendline breakdown and rebound” pattern that triggered its last parabolic move above $0.70. If history repeats itself, DOGE could be on track for a powerful breakout, potentially leading to an 800% surge in 2025.
Historical Trendline Pattern Resurfaces
Technical analyst Trader Tardigrade has drawn attention to a recurring formation on Dogecoin’s multi-year chart, noting that the token is once again testing the same ascending support trendline that guided its movement from 2019 to 2021. Back then, a brief breakdown below this line preceded the historic bull run that took Dogecoin from fractions of a cent to over $0.70 within months.
“Dogecoin’s pattern appears to be repeating almost identically,” Tardigrade observed. “If the trendline behavior holds, a breakdown could paradoxically mark the beginning of another explosive move rather than a bearish reversal.”
A breakdown of the current support trendline could trigger the next bull run. Source: Trader Tardigrade via X
This setup, sometimes called a “mirror cycle,” has captured the attention of long-term holders who see it as a technical echo of Dogecoin’s earlier surge. The token’s price has hovered near the $0.18–$0.20 range, compressing in a tight zone that often precedes significant volatility.
Wyckoff Accumulation Suggests Market Reversal
Adding further weight to the bullish argument, analysts say Dogecoin may have completed the “Spring” phase of the Wyckoff Accumulation model—a classic pattern used to identify institutional accumulation before a market uptrend.
According to Saad Ullah of The Tradable, Dogecoin has now entered the stage where traders expect a “Sign of Strength” (SOS) above $0.21 to confirm the beginning of a new rally phase. “This is one of the setups traders love to see before a major reversal,” Ullah wrote.
If DOGE can decisively break above the $0.21 resistance with strong volume, the next price targets could range between $0.23 and $0.25 in the short term, with room for further expansion as momentum builds.
Volatility and Whale Movements Add Complexity
Despite the bullish chart patterns, on-chain data paints a more complex picture. Recent metrics from Glassnode show long-term holders have begun offloading their positions. The Hodler Net Position Change indicator flipped sharply from an inflow of +8.2 million DOGE to an outflow of -22 million DOGE at the end of October—a 367% behavioral reversal.
This shift indicates that even veteran investors are taking profits or reducing exposure as Dogecoin hovers near critical support at $0.17–$0.18. If this zone breaks, the next significant support could form around $0.14, a level that marks the lower accumulation band from earlier this year.
A breakdown of the current support trendline could trigger the next bull run. Source: Ali Martinez via X
Crypto analyst Ali Charts cautioned on social media, “Dogecoin’s fate could hinge on $0.18. If it fails, $0.07 might be next.” His analysis used Glassnode’s UTXO Realized Price Distribution chart, which highlights key cost basis clusters among large holders. Roughly 16.6% of the supply was acquired between $0.07 and $0.08—a zone that could amplify sell pressure if retested.
Meanwhile, reports of whales selling over 440 million DOGE in late October further emphasize the market’s current fragility. However, low trading volumes could also enable sharp reversals if buying pressure returns suddenly.
Exponential Growth Patterns Point to $1.70 Target
Another analysis by Bitconsensus suggests that Dogecoin’s long-term chart structure remains in a bullish rhythm of expanding cycles. Historical price data shows that previous DOGE rallies grew by 300% and 500% before each consolidation period. Based on this pattern, the next breakout could see an 800% advance, potentially propelling prices toward $1.70 within the ongoing market cycle.
The alignment of DOGE’s accumulation zones and trendline support indicates that the next exponential phase could already be forming. This forecast aligns with TradingView’s observation that each cycle in Dogecoin’s history has produced higher peaks and broader market participation.
Analysts Divided but Long-Term Outlook Bright
The Dogecoin price prediction for 2025 remains highly debated. Some analysts believe the coin could reclaim or exceed its previous all-time high, while others warn of renewed volatility if support levels fail. Still, Dogecoin continues to benefit from its broad community support, integration in payment networks, and frequent mentions by high-profile figures such as Elon Musk.
Dogecoin was trading at around $0.18, down 1.74% in the last 24 hours at press time. Source: Brave New Coin
Market watchers agree that the next few months for Dogecoin will be pivotal. A confirmed breakout above $0.21 could validate the bullish projections and potentially set the stage for a broader Dogecoin rally. Conversely, a breakdown below $0.17 could trigger a deeper correction before any sustainable uptrend resumes.
Looking Ahead: History Could Be Repeating
Dogecoin’s chart once again presents a blend of technical intrigue and speculative excitement: the structure is similar to the 2021 bull run, and multiple indicators are showing signs of a possible breakout. Traders are watching closely for confirmation of this.
Whether Dogecoin can relive old successes depends on how much the volume recovers and, more generally, on crypto sentiment. For now, the pattern is clear—Dogecoin’s chart mirrors its historical cycle, and if momentum returns as it did in 2021, an 800% surge toward $1.70 might not be out of reach.